New York State Teachers Retirement System Acquires 5,408 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

New York State Teachers Retirement System boosted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 6.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,895 shares of the real estate investment trust’s stock after purchasing an additional 5,408 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Armada Hoffler Properties worth $1,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AHH. Great Lakes Advisors LLC purchased a new stake in Armada Hoffler Properties during the 2nd quarter valued at about $2,961,000. Seven Grand Managers LLC purchased a new stake in shares of Armada Hoffler Properties during the third quarter valued at approximately $1,451,000. Algert Global LLC increased its position in shares of Armada Hoffler Properties by 858.2% during the second quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock valued at $1,561,000 after acquiring an additional 126,051 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Armada Hoffler Properties by 9.4% in the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock worth $10,098,000 after acquiring an additional 83,500 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Armada Hoffler Properties by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock valued at $80,679,000 after acquiring an additional 65,300 shares in the last quarter. Institutional investors own 66.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AHH. Jefferies Financial Group cut Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $13.00 to $11.00 in a research report on Monday, July 15th. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus upped their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Armada Hoffler Properties Stock Performance

NYSE AHH opened at $11.20 on Friday. The business’s 50 day moving average price is $11.34 and its 200-day moving average price is $11.35. Armada Hoffler Properties, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $13.11. The company has a market cap of $1.00 billion, a P/E ratio of -53.33 and a beta of 1.03. The company has a debt-to-equity ratio of 1.61, a quick ratio of 7.49 and a current ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.10% and a negative net margin of 1.01%. The business had revenue of $68.60 million during the quarter, compared to analysts’ expectations of $65.01 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.26 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is currently -390.46%.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now directly owns 27,149 shares of the company’s stock, valued at $294,566.65. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Dennis H. Gartman purchased 4,500 shares of the stock in a transaction on Wednesday, October 2nd. The stock was bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now owns 27,149 shares in the company, valued at $294,566.65. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel A. Hoffler purchased 95,238 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the acquisition, the director now owns 266,647 shares in the company, valued at $2,799,793.50. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by insiders.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.